WIFIA The Water Infrastructure Finance and Innovation Act (WIFIA) program accelerates investment in our nation's water infrastructure by providing long-term, low-cost supplemental PROGRAM loans for regionally and nationally significant projects. GEORGETOWN WET WEATHER TREATMENT STATION PROSPECTIVE BORROWER: King County LOCATION: King County, Washington TOTAL PROJECT COSTS: $263 million REQUESTED WIFIA LOAN AMOUNT $129 million POPULATION SERVED BY SYSTEM 1.9 million people PROJECT TYPE: Combined sewer overflow and stormwater management PROJECT DESCRIPTION: King County will construct a new Wet Weather Treatment Station, conveyance pipelines, and outfall structure to treat combined sewer overflows prior to discharge into the Lower Duwamish Waterway. This project will control two existing combined sewer overflows to meet the Washington State control standard. FY 2017 SELECTION ROUND NUMBER OF PROJECTS SELECTED: 12 TOTAL LOAN AMOUNT: $2.3 billion to ¦ ® ¦ ¦ public and private entities ¦ TOTAL WATER INFRASTRUCTURE ¦ INVESTMENT SUPPORTED: $5.1 billion NUMBER OF PEOPLE IMPACTED: . m 20 million in 9 states Selected projects must submit an application for a WIFIA loan, pass a creditworthiness assessment, negotiate a mutually agreeable term sheet, and execute a credit agreement to receive WIFIA funding. An invitation to apply indicates that EPA believes the selected projects will be able to attain WIFIA loans. United States Environmental Protection Agency WEBSITE: www.epa.gov/wifia EMAIL: wifia@EPA.gov ------- |